Credit Cards

Front

What is important in establishing good credit?

Back

Making payments on time

Front

What is a credit report?

Back

A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness

Front

What type of credit score is this 570?

Back

Poor

Front

My credit history does not affect my chances for renting my first apartment.

Back

False

Front

To build a positive credit history, I should pay cash for all purchases.

Back

False

Front

Numerous credit applications in a short period of time.

Back

Negative Impact

Front

The most common credit scoring system is called the

Back

FICO

Front

The credit score ranges from

Back

300-850

Front

Which is not included in an individual’s credit report? Options: Current and past addresses, Account balances, Bankruptcies and foreclosures, Medical information

Back

Medical information

Front

T/F: A negative credit event (bankruptcy) can have a WORSE impact on a higher credit score.

Back

True